What Is Chapter 7?

When paying your bills every month goes from difficult to impossible, it can be a terrifying feeling. If you are picking and choosing which bills to pay, it is time to look into your options. A bankruptcy attorney is the best place to start. Steven J. Heimberger Attorney at Law can help you understand your options and walk you through the process so that you can focus on a more financially sound future.

When it comes to filing for bankruptcy, the questions you have may feel overwhelming. Those fears may sometimes feel even scarier than paying your bills. But the first step to easing your worries is to realize it's time to call a lawyer.

There are different types of bankruptcy. The most common of those is Chapter 7. With Chapter 7, an individual or married couple is required to pass the "means test." The means test compares your monthly income with the median income in Ohio. If yours is less than the median, then you would pass the means test. If your income is above the median, you may still qualify for Chapter 7 bankruptcy depending on your disposable income. If your income level does not qualify for Chapter 7, another alternative is Chapter 13.

Chapter 7 Discharges Most Debts

In all bankruptcy proceedings, an "automatic stay" is put into place. What this means for you is that as soon as you file bankruptcy, creditors will not be able to file lawsuits against you. This is especially important if you are at risk of losing your home through foreclosure or eviction, but it can also prevent you from losing resources such as utilities. The automatic stay also stops:

  • Garnishment
  • Repossession

With Chapter 7, you are able to discharge most of your unsecured debts. Some of the common categories of debts that are discharged include:

  • Credit card debt
  • Medical bills
  • Collection agency accounts

Click here to read the most frequently asked questions about Chapter 7.

It's Time To Take Control Again

When you set up your free initial consultation, Mr. Heimberger can help you understand your options, and together you can determine what is in your best interest. You can call his Akron office at 234-206-3958. He is also available via email. You deserve a fresh start, and he can help you get it.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.